Home > Academics > Accountancy Modules - MA Accountancy Module ACCT 112: Management Accounting (MA) |
| Official Description on Oasis | Professors (For ACCT112 only) | |
This course introduces cost and management accounting topics to enable students to understand how accounting information is used to manage an organisation. It focuses on the factors that differentiate one company from another. The course will look at various functional areas within the firm, ranging from manufacturing to marketing, and from accounting to human relations. In addition, the concept of management, how senior managers plan, implement and control those plans through people will be briefly discussed. The course will enhance students' personal skills in preparation for more advanced courses at the university in the following ways: working in groups, analysing cases, writing reports, and making presentations. |
Prof Leong Kwong Sin and Prof Wong Suay Peng | |
| Pre-requisite | ||
| None | ||
| Importance | Project | |
MA, like FA, is also one of the foundation courses in SMU accounting. You will be introduced to the use of accounting information to assist in management decision making. The concept of budgeting can be applied later in your Corporate Reporting Project where you are required to do forecasting. Knowledge on investment decisions rules may also be used in Finance. Variance analysis will almost certainly be used when doing AMA, or even during your internship if you are attached to the management reporting section. |
The project will require students to analyse a company’s budgeting process. You can form groups of 4 to 5 for the project. The trickest part about the project is getting a business contact to reveal the company's budgeting process to you. Alternatively, students are assigned an alternative project if they cannot find a company. Typical duration required: 1 to 4 weeks. | |
| Difficulty Level | Technical Difficulty | |
A survey was done in May 2011 on the level of difficulty for the various accountancy modules. Rating was done on a scale of 1 to 5 [1:very easy and 5: OMG!]. Generally, you can consider a rating of < 3 to be manageable and relatively easy. A rating of 3 to 3.5 can be considered challenging yet manageable. A rating of > 4 will probably give rise to horror stories. For comparison, go to modules difficulty. |
Average: 2.91/5 | |
| Project Difficulty | ||
| Average: 3.18/5 | ||
| Interesting Facts | Advice and Studying Tips from Seniors | |
|
Understand the objective of management accounting, and why there is a need for various costing methods will probably help. Don't associate with what you learn in FA to avoid getting confused Practise questions, don't think you know it until you can do it Understand the concepts and do regular practice Start your project EARLY Practice, practice, practice. Practice makes perfect. It is math heavy, some questions can be quite mathy. (It's pretty amazing how 90% of respondents gave the same boring advice - practice) |
|
| Resources | Feedback | |
| Primary Text: Horngren, Datar, Foster, Rajan & Ittner, “Cost Accounting: A Managerial Emphasis”, 13th Edition, Pearson Prentice Hall Every information that you might need: Google & Wikipedia |
We hope to constantly update the information to make it relevant and reliable for future batches. >>>>> Help us improve this article now! Do your part in contributing back to the school! |
